SBP Receives $2.3 Billion Chinese Loan to Boost its Reserves

Pakistan has received the long-awaited $2.3 billion Chinese consortium loan in a bid to improve its foreign exchange reserves. The Finance Minister of Pakistan, Miftah Ismail, confirmed the news via his official Twitter handle, he said; “I am pleased to announce that a Chinese consortium loan of RMB 15bn (roughly USD 2.3 bn) has been […]